JETS vs KGEI: Correlation
Measured on weekly returns over the past three years, US Global Jets ETF (JETS) and Kolibri Global Energy Inc. (KGEI) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and KGEI?
On 3 years of weekly data the JETS/KGEI correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.62) runs below the 3-year figure (-0.28). The 5-year figure is 0.05, and annualized covariance runs at -415.4 %².
By 3-year correlation, KGEI places #49 of the 54 assets tracked against JETS. Over the last 12 months JETS came out ahead by 7.6 percentage points (+13.2% against +5.6%). Risk is not evenly split, since KGEI carries 1.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
JETS vs KGEI: side by side
| JETS (US Global Jets ETF) | KGEI (Kolibri Global Energy Inc.) | |
|---|---|---|
| 1-year return | +13.2% | +5.6% |
| 5-year return | +30.9% | +631.2% |
| Volatility (ann.) | 29.2% | 51.1% |
| Beta vs S&P 500 | 1.16 | 0.13 |
| Max drawdown (3Y) | -35.2% | -64.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 10.6 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | JETS | KGEI |
|---|---|---|
| 2022 | -19.0% | +391.7% |
| 2023 | +11.4% | +27.1% |
| 2024 | +33.2% | +41.9% |
| 2025 | +11.6% | -26.1% |
| 2026 | +4.6% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and KGEI good diversifiers for each other?
Yes. With a correlation of -0.28, JETS and KGEI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JETS and KGEI?
As of 2026-08-27, the correlation of weekly returns between JETS and KGEI is -0.28 over 3 years, -0.62 over 1 year and 0.05 over 5 years.
Is KGEI a good diversifier for JETS?
Yes. With a correlation of -0.28, JETS and KGEI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jets-vs-kgei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jets-vs-kgei/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JETS correlations · KGEI correlations
